Financial institution HDFC Bank invests in CoRover, creators of the AI model BharatGPT; HDFC Bank's CEO expresses gratitude, stating "Proud to receive HDFC's trust."
In a significant move towards advancing artificial intelligence (AI) in India, HDFC Bank has announced its participation in the IndiaAI Startups Global Accelerator Programme through CoRover. This prestigious international acceleration programme, in partnership with Station F, Paris and HEC Paris, presents a significant opportunity for CoRover to expand its reach and impact.
CoRover, a leading conversational AI startup based in India, has developed a Large Language Model called BharatGPT. This sovereign, enterprise-grade LLM is multilingual, multimodal, and domain-adaptable, making it a powerful tool for various sectors.
HDFC Bank values CoRover's expertise in catering to unique vernacular requirements. Arup Rakshit, Group Head Treasury at HDFC Bank, stated that the development of BharatGPT, which enables information exchange in multiple Indian languages, was a significant factor in their investment.
The partnership between CoRover and HDFC Bank signifies a shared commitment to building AI that is sovereign, secure, inclusive, and scalable across India's critical sectors.
CoRover's proprietary platform allows enterprises to deploy intelligent conversational AI agents across voice, video, and chat, integrated with BharatGPT's deep language understanding, dialectal diversity, and contextual accuracy.
One of the key advantages of BharatGPT is its ability to function on low-end devices and without internet connectivity, thanks to the launch of BharatGPT Mini by CoRover. This Telephony AI technology expands accessibility in infrastructure-limited environments, making AI solutions more accessible to a wider audience.
CoRover claims a user base of 1 billion and has onboarded over 25,000 enterprises and developers. Ankush Sabharwal, Founder & CEO of CoRover, acknowledges the support of HDFC Bank and other investors in expanding BharatGPT.
The founder of CoRover is not explicitly mentioned in the search results provided. However, the success of CoRover and BharatGPT underscores the potential of AI in India and the opportunities presented by government policies and initiatives like the IndiaAI Mission.
This investment by HDFC Bank in CoRover marks a step forward in the bank's digital transformation journey and its commitment to leveraging AI for the betterment of its customers and the nation.
